TransMontaigne Partners LP

08/01/2025 | Press release | Distributed by Public on 08/01/2025 12:19

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

Amendment No. 5 to Credit Agreement

On August 1, 2025, TransMontaigne Partners LLC (the "Company"), as parent guarantor, and TransMontaigne Operating Company L.P., a Delaware limited partnership and wholly owned subsidiary of the Company ("OpCo"), entered into an Amendment No. 5 (the "Amendment") to its existing Credit Agreement dated as of November 17, 2021 among the Company, OpCo, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for, among other things, the reduction of the applicable margin of the term loans under the credit facility (the "Repricing"). After giving effect to the Repricing, term loans under the credit facility accrue interest at a per annum rate equal to, at OpCo's election, either a term SOFR rate plus an applicable margin of 2.5% or an alternate base rate plus an applicable margin of 1.5%. The other terms and conditions of the credit facility, as amended by the Amendment, remain unchanged.

The foregoing description of the Amendment is a summary, and does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference.

TransMontaigne Partners LP published this content on August 01, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on August 01, 2025 at 18:19 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]